Computer Corporation Is Starting Its Computer Programming Business and Has

question 212

Multiple Choice

Computer Corporation is starting its computer programming business and has sold stock of $15,000. Identify how the accounting equation will be affected.

• A) increase in assets (Cash) and increase in liabilities (Accounts Payable)
• B) increase in assets (Cash) and increase in stockholders' equity (Common Stock)
• C) increase in assets (Accounts Receivable) and decrease in liabilities (Accounts Payable)
• D) increase in assets (Cash) and increase in assets (Accounts Receivable)

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Definitions:

Procurement

The process of obtaining goods or services, typically for business purposes, including selection, negotiation, and acquisition.

Human Resources

The division within a company that focuses on the recruitment, management, and direction of people who work in the organization.

Service

The action of helping or doing work for someone, often referring to activities provided by companies to fulfill customer needs aside from tangible products.